An Act to impose certain stamp duties; to amend and consolidate the laws relating to stamp duties upon instruments and upon the estates of deceased persons; to amend the Friendly Societies Act 1899 and the Companies (Death Duties) Act 1901; and for purposes consequent thereon or incidental thereto.
This Act may be cited as the Stamp Duties Act 1920.
The following Divisions of Part 3 do not apply to instruments first executed on or after 1 July 1998:
Division No | Division heading |
2 | Agreements |
3 | Agreements for sale or conveyance |
3E | The Public Equity Partnership Arrangement and the Rent/Buy Scheme |
10 | Conveyances |
11 | Conveyances by possessory application |
11A | Copies of instruments |
12 | Deeds of assignment |
14 | Divorce—family law instruments |
16 | Duplicates or counterparts |
18 | Leases |
19 | Superannuation |
21 | Loan securities |
21A | Mortgage-backed securities |
21B | Loan-backed securities |
22 | Motor vehicle certificates of registration |
23 | Partitions or divisions |
25 | Replicas |
25A | Transfer of units in unit trust schemes |
26 | Shares—issue or allotment by direction |
27 (except Subdivision 3) | Shares—transfer |
28 | Transfer etc of certain mortgages and debentures |
28A | Transfer of shares—London Stock Exchange |
The Second Schedule does not apply to instruments first executed on or after 1 July 1998.
The following Divisions of Part 3 do not apply to transactions (or transactions of the kind specified in relation to a particular Division) that occur on or after 1 July 1998:
Division No | Division heading | Transaction |
3A | Transactions otherwise than by dutiable instruments | All transactions |
15 | Hiring arrangements | Hiring arrangements within the meaning of section 74D |
26A | SCH-regulated transfers | SCH-regulated transfers |
30 | Acquisitions of company and unit trust interests dutiable as conveyances of land | Acquisitions within the meaning of section 99A |
Division 24 of Part 3 does not apply to:
(a) the amount of a premium paid in relation to a policy of insurance, not being a policy of life insurance, or
(b) a policy of life insurance or a life insurance rider,
if the contract, policy or life insurance rider is effected or renewed on or after 1 July 1998.
Division 3B of Part 3 and Schedule 2A do not apply to contracts exchanged on or after 1 July 1998 or mortgages over land the subject of those contracts.
The Chief Commissioner may not, on or after 1 July 1998:
(a) approve a person for the purposes of Schedule 2B, or
(b) approve a rental-purchase agreement entered into or proposed to be entered into by an approved person.
Division 3D of Part 3 and Schedule 2C do not apply to contracts executed on or after 1 July 1998.
Subdivision 3 of Division 27 of Part 3 does not apply to sales or purchases made on or after 5 July 1998.
Division 21 of Part 3 does not apply to advances made on or after 1 July 1998 if the advances…